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117-hr-9044117th Congress

To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.

Sponsored By: Representative Doggett, Lloyd [D-TX-37]

Unknown

Summary

This bill creates a safe harbor for certain perpetual trust funds. It excludes from the definition of investment property under arbitrage provisions any fund created and controlled by a state and established pursuant to its constitution or state law if on a specified date, substantially all of the assets of the fund consist of nonfinancial assets and the assets are used only to support specifically designated essential governmental functions.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Doggett, Lloyd [D-TX-37]

TX • D

Cosponsors

  • Rep. Arrington, Jodey C. [R-TX-19]

    TX • R

    Sponsored 9/29/2022

  • Rep. Cuellar, Henry [D-TX-28]

    TX • D

    Sponsored 12/2/2022

  • Rep. Taylor, Van [R-TX-3]

    TX • R

    Sponsored 12/2/2022

  • Rep. Garcia, Sylvia R. [D-TX-29]

    TX • D

    Sponsored 12/2/2022

  • Rep. Gooden, Lance [R-TX-5]

    TX • R

    Sponsored 12/2/2022

  • Rep. Fletcher, Lizzie [D-TX-7]

    TX • D

    Sponsored 12/2/2022

  • Rep. Green, Al [D-TX-9]

    TX • D

    Sponsored 12/2/2022

  • Rep. Crenshaw, Dan [R-TX-2]

    TX • R

    Sponsored 12/2/2022

  • Rep. Gonzalez, Vicente [D-TX-34]

    TX • D

    Sponsored 12/2/2022

  • Rep. Escobar, Veronica [D-TX-16]

    TX • D

    Sponsored 12/2/2022

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 12/15/2022

  • Rep. Castro, Joaquin [D-TX-20]

    TX • D

    Sponsored 12/15/2022

  • Rep. Veasey, Marc A. [D-TX-33]

    TX • D

    Sponsored 12/15/2022

Roll Call Votes

No roll call votes available for this bill.

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